Tag Archives: brokerage

2018 & beyond: What will the law firm real estate landscape look like?

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The growing momentum in the global economy has forged a new path for the law firm real estate market. With more than 65 million square feet of new office supply under construction in just the U.S. alone, law firms are finding myriad choices for both location and space that’s… Read More

Arizona’s GDP growth ranks No. 4 nationally

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PowerPoint Presentation

According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.

Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and… Read More

Strong big box speculative construction and leasing expected in the West Valley in 2017

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Southwest Industrial Center, owned by Hines, leased by JLL

With ample land available for development and relatively low construction costs, users in the Phoenix industrial market often decide to build their own facility instead of leasing space in existing properties. However, leasing activity in existing… Read More

Scottsdale named No. 1 active lifestyle city in U.S.

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The city of Scottsdale ranked No. 1 in WalletHub’s “2016 Best and Worst Cities for an Active Lifestyle” study, which compared the 100 most populated cities in the U.S.

Using 24 key metrics identifying an active lifestyle, Scottsdale scored 57.01 points out of a possible 100. Categories include: number of… Read More

The Phoenix office market has room for more recovery as other Western markets approach their peak

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JLL Office Property Clock

JLL Office Property Clock

JLL Senior Managing Director Dennis Desmond recently sat down with GlobeSt.com for an exclusive interview in their article “What Time is it on the Office Property Clock.” In the article, Desmond discusses how Phoenix was late to recover from the recession and therefore, still has… Read More

New industrial construction driving rental rate increases across Phoenix

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AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

AZ|60, a ±225,600 total square foot development located near Baseline Road and Country Club.

The increase in new industrial development seen in the last few years has added quality, functional Class A space to the market, and tenants are willing to pay premium rental rates in… Read More

JLL Phoenix Office Adds Two New Members to Its Tenant Representation Team

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The Phoenix office of JLL has added two new team members to its Tenant Representation group, welcoming Jenna Borcherding as an Associate and Carl Beardsley as a Financial Analyst. The new team members will assist JLL clients with all stages of the real estate process, with a strong track record in corporate and high-tech office requirements.

Jenna Borcherding
Borcherding joins JLL with five years of… Read More

[SLIDESHOW] JLL’s Project & Development team transforms former mall into corporate office

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For office tenants able to think outside of the big box, Arizona’s lingering retail vacancies can equate to major opportunity. Such is the case with the recently completed renovation of the Tucson Galleria – a $16.4 million effort led by the Phoenix office of JLL that transformed a long-vacant retail mall into a cutting-edge Western region customer support center for Comcast Cable.

Located in Tucson, the 165,000-square-foot Comcast facility was originally built… Read More

Five Ways to Revitalize, Refresh and Renew Your Workplace

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Standing still isn’t an option in our warp-speed world. A workplace must transform with its people, or risk becoming a dinosaur. It’s true here in Phoenix and true in our JLL corporate headquarters in Chicago, too. As we’ve undertaken an employee-led renewal and transformation of both our local offices and our corporate headquarters in Chicago, we’ve armed our best strategic experts with insights from the people who influence JLL’s success most –… Read More

Tightened Class A Office Vacancy Driving Class B Activity – Q2 Office Insight Report

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Due to the improving economic environment, tenants are finding an increasingly supply-constrained office market in the Greater Phoenix area as there are fewer ideal options to select from. As Class A total vacancy rates decrease and asking rents continue to climb, tenants in search of office space are gravitating towards Class B product. In the second quarter of 2016, Class A office space accounted for only 37 percent of the total… Read More